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September 21, 2005

Convert loose change into Amazon.com gift certificates

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Posted by Dominic Basulto

Do you have a lot of loose change in your pockets or piles of pennies at home? Well, Amazon.com and Coinstar are linking up with a unique offer to get coin hoarders to spend the money online instead: "Under the new offer announced [last week] with Amazon, Coinstar will now allow users to convert their loose change into Amazon Gift Certificates that can be used online at Amazon.com." Even better, Coinstar won't charge an annoying transaction fee. In other words, $5 in pennies means $5, not $4.50 or $4.25 or anything else.

According to Coinstar, it's a win-win for everyone involved:

"Everybody wins, consumers get a fee-free transaction and Amazon can now offer their customers an easy and convenient way to use cash online. Coinstar attracts new users by providing a no fee transaction and the host retailer (supermarkets) benefits through increased store traffic."

Actually, I guess that's a win-win-win-win for everyone involved.

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